Summer Growing Season

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Nich Leaman Accounting & Finance – Grove City College Leading up to the summer, I didn’t know what to expect as I began my first accounting internship. I had done the Student Leadership Conference with GYF last year but that only gave me a small sliver of a look into the public accounting world. I […]

83(b) Election, IRS, taxpayerGYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

New 83(b) Election Regulations

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An individual who is compensated with stock or other property in connection with the performance of services typically must include as income the difference between the fair market value and the amount paid for the property.  The year of inclusion is the tax year where the Taxpayer’s rights in the property is transferable or not […]

tax, wedding planning, IRS, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

The IRS Suggests You Add These Items to Your Wedding Planning

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Summer and fall are great seasons to get married. While the excitement and magic of these very special days for any couple will be forever remembered, the lead up and preparation process can be daunting and challenging.  Planning for the gowns, tuxedos, invitation lists, service, reception venue, food, photographs, music and seating arrangements are enough […]

IRS, ACA, employer mandate, Grossman Yanak & Ford LLP, tax

Staying on Top of Health Care Reporting

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Beginning in 2016, the Affordable Care Act (ACA) general transition relief for employers with fewer than 100 employees has expired. Under the Employer Mandate of ACA, Applicable Large Employers (those with over 50 full-time equivalent employees) are required to comply with the provisions of the Employer Mandate and offer health care coverage that meets specific […]

Employee benefit plans, IRS, DOL, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Agencies Collaborate to Propose Revisions to Forms for Employee Benefit Plans

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The Internal Revenue Service (IRS), Department of Labor (DOL), and Pension Benefit Guaranty Corporation (PBGC) have jointly issued proposed revisions to the Form 5500 Series of annual returns, reports and schedules filed by certain employee benefit plans. See the IRS website for details/deadlines for current forms. The proposed changes reflect joint efforts by these agencies […]

budget, governor wolf, state senate, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Pennsylvania Budget on the Horizon!

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A week after sending Gov. Tom Wolf a $31.5 billion spending plan for the 2016-2017 fiscal year, state lawmakers continue to struggle to find common ground on how to pay for it. The new fiscal year began July 1. The spending plan carried with it a hard deadline for Monday, July 11, 2016, as the […]

noncash charitable contributions, deductions, IRS, tax court

Maximizing Noncash Charitable Contribution Tax Deductions

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It is not at all unusual for individual taxpayers to work to reduce their tax liabilities by donating to charity used personal items such as furniture, clothing and household goods that still have some value and utility left in them. A recent Tax Court case, however, demonstrates how excessive noncash charitable contributions can draw the […]

pittsburgh, netsuite, erp, erp solutions, gyf erp

GYF ERP Named As NetSuite’s July VAR of the Month

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The GYF ERP Solutions Group has been recognized as NetSuite’s Value-Added Reseller (VAR) of the Month and is featured in Accounting Today. As a NetSuite partner since the beginning of 2015, the GYF ERP Solutions team has had significant success selling and implementing the NetSuite products. Contact the group for more information if you are […]

GYF Announces Promotion

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GYF is pleased to announce the promotion of Brad Matthews to Manager in the Business Valuation & Litigation Support Services Group. Brad Matthews, CPA, CVA, is a 2011 graduate of The University of Pittsburgh where he studied in Accounting, Finance and Economics. He joined GYF upon graduating and has five years of experience. Brad has […]